The Cryptowatch platform, a subsidiary of the Kraken exchange, announced on Tuesday the release of its desktop-based trading app.

Cryptowatch is a trading terminal that aims to group most market data and exchanges under one roof. Traders using the platform are able to connect their accounts across many popular exchanges and place orders on all of them through a single interface.

Up until now, the platform could only be accessed through a web browser. The launch of Cryptowatch Desktop, an application for Windows, MacOS and Linux, aims to provide a similar experience while benefiting from faster native performance.

In a demonstration shown to Cointelegraph, the platform appeared fluid and responsive even as the panes with live market data were resized on-the-fly. Tests made by the team and some external observers seem to show that the desktop platform has a stable memory footprint of 50 Megabytes, while the web-based alternatives eventually come to use more than three Gigabytes.

Cryptowatch Desktop’s features are still somewhat limited compared to the web version, but that is expected to change over time as development continues.

The software is coded with Rust, a low-level language similar to C++ that is seeing increasing adoption in crypto due to its powerful functionality and safety guarantees.

Artur Sapek, founder of Cryptowatch, said that this is a change in approach from the mainstream approach to building applications:

“Somehow the world became okay with everything happening in bloated, laggy web applications. We reject this as the end-all application stack and are breaking new ground with Rust.”

As part of the platform’s development, the company sponsored iced, a Rust-based open-source framework for building graphical interfaces. The team wanted to test the idea that Rust could be used to build graphical software, and the “results are incredible,” said Clark Moody, project manager of Cryptowatch Desktop.

It is worth noting that Rust can also be used on the web through WebAssembly, a framework that allows developers to build browser applications with much higher performance over the traditional JavaScr. WebAssembly is also increasingly being deployed in blockchain environments, for example Polkadot’s Substrate framework.

Representatives from Cryptowatch told Cointelegraph that they “are evaluating using WebAssembly for certain parts of the future web platform.” Nevertheless, a planned update for this week is expected to reduce CPU usage by 50% in certain conditions, the team said.

Cryptowatch is accessible for all, but it is primarily targeted for expert traders who may need a higher level of performance and speed than what is offered by standard exchange interfaces.

Updated: 6-2-2021

Coinbase Rival Kraken Launches Mobile Crypto Trading In US

Kraken’s mobile crypto trading app is now available across the United States, except for New York and Washington.

Major global cryptocurrency exchange Kraken has launched a mobile crypto trading application in a new move to boost industry adoption in the United States.

The company announced Wednesday that its new app is now available for most of the United States as well as other countries around the world for both iOS and Android users.

The app allows users to trade more than 50 cryptocurrencies, like Bitcoin (BTC) and Ether (ETH), via smartphones. The move follows a rollout of the Kraken mobile app in Europe this January.

“This consumer app is our first major foray into supporting wider consumer adoption in a much more simplified, easy-to-use interface,” Kraken chief product officer Jeremy Welch noted.

The new app launch comes amid Kraken trading volumes growing more than sixfold year-to-date as of May, Welch said. “The last five months have been pretty unreal at Kraken. We’ve seen a surge in new clients and in all-time highs,” he added.

Launched in 2013, Kraken says that it has 7 million customers so far, making it one of the world’s largest crypto trading venues, competing with companies like Binance, Huobi and Coinbase. The exchange is ranked the fourth-largest cryptocurrency trading platform by daily trading volumes at the time of writing, according to data from CoinMarketCap.

Kraken’s newly rolled-out app will not be supported all across the U.S., as the exchange does not offer services to residents of Washington and New York due to the “cost of maintaining regulatory compliance.”

The company is registered as a money services business with the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) and says it complies “with legal and regulatory requirements in all jurisdictions” of operation.

The new availability comes less than two months after Kraken’s major rival exchange, Coinbase, went public on Nasdaq in April. Subsequently, major investment trust RIT Capital Partners acquired a stake in Kraken, with RIT executive James Glass noting that the crypto exchange is reportedly set to go public through a direct listing in 2022. Bloomberg reported in February that Kraken was in talks for new funding that could double its valuation to $10 billion.